India sources over half of its crude oil from Russia, while European industry refines Russian crude in third countries.
3 reports, 2 independent
Updated Oct 17
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What happened
India sources over half of its crude oil from Russia, while European industry refines Russian crude in third countries.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Turkey, India, and Europe are involved in complex energy transactions related to Russia's imports and supply chain.Sub-event
Brunei and Georgia refineries start using Russian crude; Russia supplies Belgium's LNG.1 source
India's crude oil sourcing from Russia exceeds 50%, linking to European refining.1 source
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The entities involved
Related events
- War fallout is impacting global oil flows, with risks in the Strait of Hormuz affecting oil imports, while India contends with geopolitical market pressures and intensifying competition for winter gas supply.
- Russia is pivoting its strategic focus towards Asia, particularly China, while its relationship with Europe becomes strained.